Exchange of rays The Liquidity Offering (BLO) was produced to assistance Beamswap DEX liquidity, motivate cross-chain token trading, and at the exact same time make Beamswap’s DeFi hub richer. Fantom BLO will be held at 03:00 on February eleven, 2022 (Vietnam time).
Why must consumers subscribe to BLO?
Beamswap aims to resolve the liquidity trouble for assets linked to the Moonbeam Network and for tasks searching for a liquidity bridge with Moonbeam. High liquidity suggests improved asset costs in the market place and, for finish consumers, improved token costs when moving among chains.
By connecting with other blockchains, consumers will get token allocation to invest in GLINT with a twenty% price reduction.
Upon completion of the BLO, Beamswap will launch the FTM-USDC pool with an eye-catching twenty% APR.
Liquidity distribution versions
There are various techniques to deliver liquidity on Beamswap, as described under.
GLINT will be distributed in proportion to the bridging token allocation and will be predetermined for BLO.
We illustrate the versions utilizing the following variables:
- one GLINT = .one FTM
- BLO Assignment: one,000 GLINTs
Model one – one: one distribution
A total allocation of one,000 GLINTs is distributed to all participants who invest one hundred FTM (.one FTM x one,000 GLINT).
Assuming the consumer invests ten FTM, which is ten% of the total allocation, the consumer will get one hundred GLINTs.
With a one: one allocation, all FTM tokens will be converted to their respective GLINT, which suggests no surplus and no more returns.
Model two – Excessive subscriptions
Now, let us presume that BLO creates a lot more FTM tokens than the fixed quantity of one,000 GLINT.
The exact same with the instance over, ten FTM, but this time the total allocation involves 200 FTM, so the consumer revenue is five% and they will get 50 GLINT.
As there is a lot more FTM than GLINT, any remaining unused FTM will be refunded to participants primarily based on their charge.
Model three – Sub-registration
Finally, suppose the BLO generates a a great deal smaller sized variety of FTMs than a fixed variety of GLINTs.
Same instance over, ten FTM, but the cumulative allocation is only 50 FTM.
The consumer quota involves twenty% of the allocation, so the consumer will get 200 GLINTs. As there is no FTM overage, all FTM tokens are made use of and are non-refundable.
How to participate and request tokens?
Before joining BLO:
- Users ought to have a minimal of ten,000 GLINTs.
- In BLO, consumers can commit FTM to invest in GLINT at a price reduction.
- If he receives GLINT with a twenty% price reduction, the consumer can declare 50% of GLINT immediately after the finish of BLO and the remaining 50% immediately after thirty days.
Details on Fantom BLO
The bridge for FTM will open at least 24 hrs just before BLO, when consumers can begin migrating FTM to Beamswap.
Once BLO is launched, consumers can begin bind FTM numbers inside 24 hrs.
The ratio of FTM to GLINT will be established one hour just before BLO.
- GLINT assigned to BLO: X0.000 GLINT
- Open Beamswap Fantom Bridge: 03:00 on ten/02/2022 (Vietnam time)
- BLO begin: 03:00 on 02/eleven/2022 (Vietnam time)
- End of BLO: 03:00 on 02/twelve/2022 (Vietnam time)
- FTM-USDC Pool Launch: 04:00 on February twelve, 2022 (VN time)
All money raised by Beamswap BLO will be made use of to invest in and burn up GLINT.
About Fantom
Fantom is a higher effectiveness, scalable and safe sensible contract platform, produced to conquer the limitations of earlier generation blockchain platforms.
About Beamswap
Beamswap is a decentralized exchange (DEX) with an automated market place maker (AMM), supplying liquidity and peer-to-peer transactions.
The platform also supports a broad assortment of companies and capabilities, enabling consumers to trade crypto assets, the two fungible and non-fungible assets, earn passive cash flow from staking, create crops, and even launch consumer crypto tasks on Moonbeam.
Learn a lot more about Beamswap: Twitter | Telegram Group | Telegram announcement | Discord
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